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Any MIT profs here that are prepared to comment on what fraction of their overhead is lost into the endowment? That rate is zero for me, but I'm not at MIT. Ov
by robotresearcher 9y ago
Any MIT profs here that are prepared to comment on what fraction of their overhead is lost into the endowment? That rate is zero for me, but I'm not at MIT.
Overhead for me is around 50% depending on source, and everyone here is motivated to spend as much of that on research as possible. It would be very inefficient to put that money in the general fund. Much better to fund one more PhD student than bank $50K.